Business sector has driven shift to ‘values-based capitalism’, Jim Chalmers says

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Treasurer hits back at criticism of his essay that championed co-investment and economic inclusion

and sections of the business community, the essay has triggered a barrage of hostile commentary in Australia’s two national newspapers, the Australian and the Australian Financial Review.

Chalmers addressed the controversy during Wednesday’s meeting with investors. He noted: “The investors represented here, and the broader investment and business community, don’t just support values-based capitalism – you’ve driven it.and more cooperation between investors and governments to modernise our economy and deepen and broaden our industrial base, powered by cleaner and cheaper energy.

“Your enthusiasm and determination to drive Australia towards an appropriately ambitious sustainable finance agenda is one important example of this but not the only one.” Chalmers said the reforms the government was pursuing in climate-related risk disclosure and financial market transparency aligned with what investors and lenders had been championing for “years”.

He said the reforms were intended to provide guardrails and policy stability to ensure markets were well informed and capital could be unlocked for productive investments.Our Australian morning briefing email breaks down the key national and international stories of the day and why they matterNewsletters may contain info about charities, online ads, and content funded by outside parties.

 

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This is embarrassing. The Hayne Royal Commission was only concluded in 2019. Nobody held to account since.

Yes all part of the WEF agenda that governments around the world obey to ensure the rich get richer and the people poorer. That is why covid was released to crush the economy and implement the great reset. 6 million dead and world is silent on origins. Nothing suss.

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Business leaders are ‘fighting back’ against Jim ChalmersSky News host Peta Credlin says business leaders are “fighting back” against Treasurer Jim Chalmers after his essay in The Monthly. “Even a former Labor leader, former union leader Simon Crean, damned the Treasurer's essay with faint praise, picking up the very absence of any real detail,” she said. “In truth, while the verdict is in on the terrible economics, what the essay does give us is a good guide to the government's thinking. “It's turning out to be the most left-wing government in our history, much more Gough Whitlam than Bob Hawke.” I reckon they are deflecting from their pricking consciences. An arts major writes an essay on economics Best fkn 🤣🤣🤣🤣🤣laugh i’ve had in ages did he do it in pictures 🤣🤣
Source: SkyNewsAust - 🏆 7. / 78 Read more »